Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.

Connecticut Orders Robinhood, Crypto.com, & Kalshi To Stop Prediction Markets

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Connecticut Cracks Down On Unlicensed Event Betting By Major Platforms

Connecticut targets firms over unlicensed sports-event wagering. State orders immediate halt to event-based betting services Robinhood and Kalshi cite federal CFTC regulatory oversight Dispute highlights widening clash over state versus federal authority Connecticut regulators intensified scrutiny of event-driven betting markets by issuing cease-and-desist orders to Robinhood, Kalshi, and Crypto.com. The state’s Department of Consumer Protection…

Connecticut sends cease-and-desists to Kalshi, Robinhood and Crypto.com

The Connecticut Department of Consumer Protection’s Gaming Division (DCP) has served cease-and-desist letters to Kalshi, Crypto.com, and Robinhood. The regulator said the prediction markets were offering online sports betting in the state without a license. Other issues cited by the regulator include the platforms’ alleged lack of integrity controls, lack of adherence to state technical standards and advertisement to individuals on self-exclusio…

Connecticut Regulators Order Kalshi, Robinhood, and Crypto.com to Halt 'Illegal' Sports Betting

The Order: Connecticut’s DCP issued immediate cease-and-desist orders to Kalshi, Robinhood, and Crypto.com for operating unlicensed sportsbooks. The Charge: State regulators rejected the “Event Contract” classification, legally defining the products as “sports wagering” subject to state licensing. The Stakes: The move escalates a state-vs-federal turf war, challenging the CFTC’s authority to sanction prediction markets that mimic gambling. The s…

Connecticut Escalates Anti-Crypto War With New Crackdown – #CryptoUpdatesGNIT

Connecticut has ordered Kalshi, Robinhood, and Crypto.com to halt event-based contracts immediately, deepening its aggressive stance against digital assets. The decision exposes a widening regulatory rift between state gambling laws and federal derivatives oversight. Sponsored Sponsored A New Flashpoint in Connecticut’s Anti-Crypto Campaign Connecticut has issued cease-and-desist orders to Kalshi, Robinhood Derivatives, and Crypto.com, accusing …